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Self Storage
Performance Quarterly
Source: Cushman & Wakefield, Inc. The
Self Storage Performance Quarterly
, a publication of Cushman & Wakefield, Inc., is intended solely for use by paid subscribers.
Reproduction or distribution in whole or part without written permission is prohibited and subject to legal action. Copyright® 2017
Cushman & Wakefield | Valuation & Advisory
34
Operating Performance – By MSA
MOST IMPROVED AND WATCH LIST MARKETS
The intent of the Most Improved and Watch List Markets is to identify those markets that demonstrate the most
significant change during the current year. The ranking is based on the highest and lowest aggregate growth
scores.
The
growth score
is calculated by adding the percentage change in asking rental rates and physical occupancy
for the same period.
The a
ggregate growth score
is calculated as a moving average of the quarterly growth scores for the current
and three preceding quarters.
The higher the aggregate growth scores for a market, the greater the likelihood that facility earnings will improve.
Conversely, the lower the aggregate growth score, the greater the likelihood is for adverse change in facility
earnings. Hence, our Watch List Markets are those markets with the lowest aggregate growth scores. As of
quarter end, the results are as follows:
Six Most Improved Markets
Aggregate Growth Score
1. Portland-Vancouver-Beaverton, OR-WA MSA
16.8
2. San Francisco-Oakland-Fremont, CA MSA
14.9
3. Seattle-Tacoma-Bellevue, WA MSA
14.8
4. Jacksonville, FL MSA
14.7
5. Los Angeles-Long Beach-Santa Ana, CA MSA
13.8
6. Kansas City, MO-KS MSA
13.6
Watch List Markets (Highest Negative Scores)
Aggregate Growth Score
1. Washington-Arlington-Alexandria, DC-VA-MD-WV
MSA
-4.7
2. Oklahoma City, OK MSA
-1.4
3. Hartford-West Hartford-East Hartford, CT MSA
-0.7
4. Charlotte-Gastonia-Concord, NC-SC MSA
-0.4
5. Miami-Fort Lauderdale-Miami Beach, FL MSA
-0.1
6. Denver-Aurora, CO MSA
-0.1